The president, Congress appear to be taking the same stance on the ballooning federal deficit: Who cares?
In this March 6, 2019, photo, President Donald Trump speaks in the Oval Office of the White House in Washington. The federal budget deficit is ballooning on Trump’s watch and few in Washington seem to care. And the political dynamics that enabled bipartisan deficit-cutting deals decades ago has disappeared. That’s the reality that will greet Trump’s latest budget, which probably will promptly be shelved after it’s received by Congress on Monday.
Trump’s budget arrives as the latest Treasury Department figures show a 77 percent spike in the deficit over the first four months of the budget year, driving by falling revenues and steady growth in spending. An administration official said Friday that the president’s plan promises to balance the budget in 15 years. The official was not authorized to publicly discuss specifics about the budget before the document’s official release and spoke on condition of anonymity
While in control of the House, Republicans used to generate nonbinding budget blueprints that promised to balance the federal ledger by relying on a controversial plan to eventually transform Medicare into a voucher-like program. But they never pursued follow-up legislation that would actually do it.
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